Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“And when we can with Meeter safe,
We’ll call him so, if not plain Ralph,
For Rhime the Rudder is of Verses,
With which like Ships they steer their courses.”
—Samuel Butler (1612–1680)
“If a man suffers ill, let it be without shame; for this is the only profit when we are dead. You will never say a good word about deeds that are evil and disgraceful.”
—Aeschylus (525–456 B.C.)
“Every diminution of the public burdens arising from taxation gives to individual enterprise increased power and furnishes to all the members of our happy confederacy new motives for patriotic affection and support.”
—Andrew Jackson (1767–1845)